According to a new report by Expert Market Research, the global ink market reached a value of US$ 18 Billion in 2016 and is further expected to reach US$ 23 Billion by 2022.

Ink refers to a liquid or paste which consists of dyes or pigments. It can be used for writing or drawing with a pen, brush or quill. Over the years, there has been a change in the variety and quality of pigments used in inks as a result of introduction of new technologies, availability of raw material and increasing awareness of ink’s effects on people and the environment.

Ink is widely used in the printing and publishing industry for printing books, magazines, newspapers, etc.; and in the packaging industry for labelling on plastic bottles, aluminium cans, jars, etc. According to a new report by Expert Market Research, the global ink market reached a value of US$ 18 Billion in 2016 and is further expected to reach US$ 23 Billion by 2022.

The production of ink witnessed a steady growth during 2009-2016. A significant development in the end-use industries like printing, publishing, packaging, letterpress, etc. has led to an increase in consumption of ink. Moreover, increasing affordability, innovation and introduction of environment-friendly inks, and rising demand from developing countries are some of the other factors which are encouraging the market growth.

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